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EU eyes more Azeri gas amid high bills and tight Russian supplies
The European Union is seeking more natural gas from Azerbaijan, an EU official said on Friday (4 February), as Europe grapples with high energy bills and tight deliveries from Russia, its main supplier of fuel, which has been at loggerheads with the West over Ukraine.
read more... 08/02/2022
Daily (07.02.2022): German and French forward power contracts jumped by more than 4% on Friday, on record high CO2 prices and bullish gas markets
Crude oil prices ended higher on Friday, on worries about the continued Ukrainian crisis and insufficient production from OPEC members. Moreover, a winter storm that hit the US, impacting production and supply, also boosted prices. As such, Brent oil rose by 2.4% to $93.27 a barrel and WTI crude gained 2.3% at $92.31 a barrel.
read more... 07/02/2022
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Finland's new nuclear reactor pushed back by a month
Starting up electricity production at Finland's new Olkiluoto 3 nuclear reactor has been postponed to late February, operator Teollisuuden Voima (TVO) said in a statement late on Thursday.
read more... 07/02/2022
European Union to toughen emissions test for hybrid cars
The European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, two sources familiar with the matter said, after criticism that current tests yield results up to four times below real-world emissions.
read more... 07/02/2022
Italy plans to raise 1.5 bln euros from green energy clawback
Italy expects to raise around 1.5 billion euros ($1.7 billion)from a scheme to claw back profits from solar and clean power producers to curb soaring energy prices, a document showed.
read more... 07/02/2022